Greenback keeps to 4-month minimums ahead of American data

10:14 12.01.2018

On Friday, the evergreen buck was keeping to four-month minimums versus other key currencies because Thursday's dismal American economic reports still put pressure on the US currency and market participants closely watched the publication of major US retail sales as well as inflation data due later in the day.

The greenback was pressured after on Thursday the US Department of Labor reported that initial jobless claims tacked on to 261,000 the previous week versus hopes for a sag to 246,000.

The American currency had gained ground right after China’s foreign exchange regulator told that a report about Beijing slowing or even stopping its American bond purchasing might be built around erroneous information.

On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…